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#27: Diego Parrilla On The Perpetual Search For Extreme Optionality

Superinvestors and the Art of Worldly Wisdom

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The Anti Bubbles

The concept of anti bubble, which which I coined has two dimensions, two meanings. First is the idea of anti bubbles being almost like the ultimate value investment - you're buying something that is artificially cheap based on a misconception. The second powerful dimension of the anti bubbles is the fact that by construction bubbles and anti bubbles are almost like distorted mirror images of each other. They're not symmetrical, but they are in opposing moving opposing directions. But what is important is that the moment that misconceptions understood and the bubble bursts is the exact same instant when the anti bubble reflates because they're the exact same process.

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